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ASX reaches fresh high, gold steady

The benchmark S&P/ASX 200 reached a fresh high yesterday and market futures were mostly positive, despite continuing COVID-19 concerns.
ASX reaches fresh high, gold steady ASX reaches fresh high, gold steady ASX reaches fresh high, gold steady ASX reaches fresh high, gold steady ASX reaches fresh high, gold steady

Fortescue Metals Group CEO Elizabeth Gaines speaks to reporters about the COVID-19 case

Staff reporter

Australian iron ore miner Fortescue Metals Group is working closely with the Department of Health to assist with contact tracing after a contractor, who had worked at its Cloudbreak mine in Western Australia from July 20-27, returned a "weak positive" test result.

CEO Elizabeth Gaines told reporters on the sidelines of the 30th annual Diggers & Dealers mining forum in Kalgoorlie the company had protocols in place and the ability to isolate close contacts on site if needed.

Among commodities, the gold price remains around US$1,810 an ounce.

Base metals were mainly lower, with copper down about 0.8% on the London Metal Exchange.

In London, Fresnillo lost 3.2% while Anglo American was up 1.5%.

In Australia, Fortescue was down 0.4% in morning trade and BHP was off 0.9%.